Section 80L amendment increases exemption amount in specified clauses, altering tax benefit eligibility and computation. Amendment increases the exemption threshold under Section 80L by substituting the previously specified amount in sub section (1), clauses (1) and (2) with ... Summary
Section 80L amendment increases exemption amount in specified clauses, altering tax benefit eligibility and computation.
Amendment increases the exemption threshold under Section 80L by substituting the previously specified amount in sub section (1), clauses (1) and (2) with a higher figure, and takes effect from the commencement date stated in the amending statute.
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